Power Producer Edison Mission Nears Bankruptcy Filing

Edison Mission Energy, a debt-laden power producer running low on cash, is preparing to file for Chapter 11 bankruptcy protection in the coming days, people familiar with the matter said.

Edison Mission skipped a $97 million interest payment on bonds in mid-November, and a grace period for the company on the obligation ends on Monday. The company could seek bankruptcy protection as soon as Sunday night unless it reaches a deal with...